FG Asks States to Adopt Fiscal Responsibility Act

The federal government has urged state governments to domesticate the Fiscal Responsibility Act (FRA) to enhance prudence and eliminate wastes and corruption in public finance management.

Specifically, the apex government called on the Imo State Government to expedite action in enacting the fiscal framework bill, which would improve transparency in government spending and budgetary process.

The Chairman of Fiscal Responsibility Commission (FRC), Mr. Victor Muruako made this case while hosting a delegation from Imo State House of Assembly in his office, Abuja on Friday.

The delegation, which was on a solidarity courtesy call, was led by the SpeakeroftheHouse,Mr.PaulEmeziem and comprisedtheDeputySpeaker,Mr. AmarachiIwuanyanwu, and other principal officers members.

At the session with Imo’s lawmakers, Muruako disclosed that states which are yet to replicate the FRA are missing out on certain incentives and financial grants, adding that efforts made by the Commission to get Imo State in particular to domesticate the act, werenotcomplementedbyprevious administrations in the State.

He, therefore, expressed the readiness of the Commission to partner with the State lawmakers to pass the bill, noting that Governor Hope Uzodinma has indicated support towards the initiative.

He said: “In September, last year, we invited top members of the administration including the Hon. Speaker, Imo House of Assembly to an important advocacy event in Port Harcourt to address the issue of fiscal responsibility at the sub-national level. I was honestly disappointed to notice the low calibre representation from Imo at the programme.